Giving property investors a an unimpressive capital gain of 2.08% for the last year, Karabar, 2620 is the 2867th highest performer in Australia in this respect.
While Karabar,2620 ranked number 688th in NSW for increase in median house value (annualised) increase, it is ranked 1176th over the last 5 years.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.24% offered to property buyers. Sellers in Karabar itself are offering an average vendor discount of -2.77% to real estate investors.
At number 791 in a list of fastest selling suburbs, Karabar is in the bottom 40% of suburbs in Australia with an average of days on market 73.29 for properties listed there.
Situated 246.25km from the CBD, Karabar is one of Queanbeyan localities in the postcode 2620.
With a capital gain of 2.78% for the last 12 months, Karabar, 2620 has performed for property investments than its average annual 3.07% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Karabar has increased when compared to the 5 year average annual rate.
Property buyers and investors in Karabar 2620 should be seeing an average reduction in asking price of around -3.21% . This means that Karabar is holding prices well when compared to other suburbs in NSW.
Karabar, 2620’s gross rental yield is 4.22%